Fund Earns National Accounting Award

Post courtesy of the Government Finance Officers Association  

(Chicago, Illinois) –The Certificate of Achievement for Excellence in Financial Reporting has been awarded to West Virginia Housing Development Fund by Government Finance Officers Association of the United States and Canada (GFOA) for its comprehensive annual financial report (CAFR). The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

An... Continue Reading

Fund Program Used to Create New Elderly Housing Development

PARKERSBURG – Linda Sartor will tell you that three really is the magic number.

She recently moved back to her hometown to be closer to her brother and sister. The first apartment she lived in was, in her words, terrible.

The second place was better, but it was a building filled with smokers and her lungs were constantly irritated. She was searching for a new home when she heard about Parkersburg Elderly Housing.

“You know they say three times is... Continue Reading

West Virginia Housing Development Fund announces Moody’s Aaa credit rating

Moody’s Investor Service has once again affirmed West Virginia Housing Development Fund’s “Aaa” issuer credit rating. This qualification is Moody’s highest ranking and the Fund is the only state housing finance agency to receive this distinction.

In a report published on February 14, the rating service praised the Fund’s “strong equity position” and “balance sheet strength.”

“The Fund has the strategic initiative and financial flexibility to proactively adapt to economic conditions since the Great Recession,” the report stated. “It is well-positioned... Continue Reading

Fund Recognizes Energy Efficient Home Builder

The West Virginia Housing Development Fund would like to recognize Horizon Construction Inc. of Bruceton Mills as the 2018 Home Builders Association of  West Virginia Best of West Virginia Award for Best Energy Efficiency.

The home was custom built for the Wotring Family in Bruceton Mills.

The construction crew utilized a number of energy efficient features, including special exterior wall material to prevent temperature loss inside the home, spray foam insulation, energy efficient windows, Energy Star-rated appliances, a tankless... Continue Reading

Fund Released 2018 Annual Report

We are pleased to present the West Virginia Housing Development Fund’s Fiscal Year 2018 Annual Report.

This year marks our 50th birthday. In that time, the Fund has worked tirelessly to help make certain that every West Virginian has access to safe, decent and affordable housing options. We are proud of our story and the role we have played in moving our state forward.

This is an important record of what we, as an agency, accomplished in Fiscal Year 2018.... Continue Reading